Community Ownership Fund Debate
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Dehenna Davison
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Community Ownership Fund
Dehenna Davison Excerpts(1 year, 5 months ago)
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The Parliamentary Under-Secretary of State for Levelling Up, Housing and Communities (Dehenna Davison)
On Friday, I was delighted to announce the outcome of round 2 window 3 of the £150 million community ownership fund, which will see £12.91 million awarded to 52 projects across the United Kingdom. This additional funding takes our funding total to £36.83 million for 150 projects.
This investment will ensure that important parts of our social fabric, such as pubs, sports clubs, theatres and post office buildings can continue to play a central role in towns and villages across the UK.
The community ownership fund is helping to reduce geographical disparities across the United Kingdom. To this end, the funding provided in round 2 window 3 will see over £2 million awarded to projects in Scotland, £1.4 million to Wales and £1.4 million to Northern Ireland. This, so far, brings the total funding awarded across Scotland, Wales, and Northern Ireland to over £11.3 million collectively, with each nation on track to receive its minimum allocation across the duration of the fund.
The funding provided in round 2 window 3 will also see £8 million awarded to projects in England. This brings the total funding awarded across English regions to over £25.5 million collectively.
The community ownership fund is already supporting 98 projects across the UK such as the Leigh spinners mill in Greater Manchester; the Queen’s ballroom in Blaenau Gwent, Wales; St Columb’s Hall in Derry City and Strabane, Northern Ireland; and the UK’s most remote pub, The Old Forge, in the Scottish highlands. These projects are making a genuine difference to their communities.
With the additional investment awarded in this bidding window, I am delighted to be supporting many more small but mighty local assets across the United Kingdom, levelling up the places we love and cherish.
Interested groups can submit an expression of interest form to start their application process at any time. The fund will be running until March 2025, so there is plenty of opportunity for interested community groups to apply to take over invaluable community assets and to run them as businesses, by the community, for the community.
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